Sandisk fell 37.49% and AMD dropped 26.36% over the past month despite strong earnings. Sandisk's fiscal Q1 2027 revenue reached $11.03B, up 377.9% year over year, largely driven by higher pricing, while AMD's revenue rose 50.1% to $11.54B, with Data Center making up 58% of the total. The author argues Sandisk carries more risk because it sells a single NAND product through a joint venture with Kioxia, its margins could reverse quickly, and consumer revenue fell 29% sequentially. AMD's broader product mix and multi-gigawatt AI deals are seen as easier to absorb a downturn, though its P/E near 176 leaves little room for error.
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